John Baskin
HUD manufactured home flip concern
Hi all,I just got an acceptance from HUD for a stationary manufactured home in Granbury, TX. The inspection came back fine and I got it accepted by HUD for $73K--85% of list price. The area is nice in Granbury, TX a...
Trung Hong
Chicago "up and coming" neighborhoods?
Hi BP,
I'm new to the REI scene in the Chicago area and was hoping the BP community could share some neighborhoods that are up and coming (the next "wicker park")? Bronzeville? Rogers park ? Woodlawn? Just a few i c...
Preeti Sharma
House hacking - Owner or family member occupancy
For house hacking on multifamily, can a family member occupy the property as a proxy (children of owner)How do the law ensure owner occupancy?I am new to REI so weighing in various options and thus stupid questions
Tyler Standish
FHA Anti-Flipping Law on HUD Homes - Clarification
Hi, I am looking at a HUD property to flip. This would be my first fix and flip, so I am very new to everything. I was hoping to get some clarification on the anti-flipping rule. Does this only apply if the buyer i...
Peter Arboleda
Need help making an offer on my FIRST REO property!
Hi I'm looking to purchase an REO property in the montgomery county, PA area!!! I was able to get in touch with the realtor that's going to be listing it with the bank by the end of the week. It was a recently foreclo...
Jackie Patterson
Does anyone know the requirements:
I want to buy a triplex or fourplex using FHA financing but then would like to change the ownership into a LLC that I will create. Is there a time frame when something like this can be done?
Second question ties in...
Bonnie Kettler
Am I able to use an IEE contract to do a mortgage assumption
Hi all!
Please help if you know the answer. Am I able to use an
IEE contract to do a mortgage assumption (instead of an outright buyer getting a loan right away)and just get paid a year or so later at the close?
Sce...
Samantha M.
Difference between Insured / Insured With Escrow
There are two categories of insured HUD homes.
1) Insured
2) Insured with Escrow
Both of which qualify for FHA financing once the repairs have been made correct? Whats the difference exactly between "insured" and "i...
Garin Piehler
Why Do Some Sellers Only Take Hard Money or Private Money?
Hi All,I am a new investor looking for my first property. I have been trying to find some off-market properties to try to get the best deal I can. Although, I have run into an issue I do not quite understand yet. Some...
Lukas Streetman
milti-family/ help me northwest Indiana the region
ok, I'm trying to buy a 4 unit but I feel stuck I'm 20 years old and have roughly 10gs so that will be the down payment I plan on using a FAH loan for my first rental, but I don't know what to do from there I feel lik...